**Cardano (ADA) Enters Pivotal Accumulation Phase Ahead of Potential Breakout**
Cardano (ADA) is currently in a crucial accumulation phase marked by balanced buying and selling activity, suggesting an impending breakout. Market analyst Tektonic interprets this consolidation not as stagnation but as a strategic accumulation within a key demand zone. Historically, such phases often precede significant rallies, indicating that both retail and institutional investors are positioning themselves for ADA’s next major move.
Tektonic highlights the $1.025 level as a critical resistance zone for Cardano. This price point has repeatedly triggered profit-taking and short-term pullbacks, making it a key area to watch. Meanwhile, strong support at $0.67 provides a solid foundation for the coin.
So, what can be expected? According to Tektonic, Cardano’s ongoing consolidation is a deliberate accumulation phase rather than market inactivity. With major support at $0.67 and resistance at $1.025 in focus, ADA appears poised for a decisive breakout that could ignite the next major bullish run.
Adding to this optimism, market analyst The Crypto Lark recently pointed out that ADA is on the verge of a rare MACD golden cross occurring below the zero line. Historically, this technical indicator has preceded price surges of up to 60%. If confirmed, this signal could mark the beginning of a powerful recovery phase for Cardano.
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**Cardano Founder Praises Michael Selig’s Nomination as CFTC Chair**
Cardano founder Charles Hoskinson recently expressed strong support for Michael Selig’s nomination as the next Chair of the Commodity Futures Trading Commission (CFTC). Taking to X (formerly Twitter), Hoskinson stated, “Chairman Selig is going to do a great job at the CFTC. I have full confidence in his ability and leadership.”
Selig brings a pro-crypto track record and deep expertise in digital assets, positioning him to potentially reshape U.S. regulations in a way that benefits the blockchain industry. Hoskinson’s endorsement reflects growing crypto optimism that a Selig-led CFTC could implement balanced, innovation-friendly regulation.
For years, regulatory uncertainty in the U.S. has posed challenges for crypto projects. A pro-crypto chairperson at the CFTC promises much-needed clarity, which could boost confidence among investors, developers, and businesses alike.
Furthermore, Hoskinson’s backing signals a renewed commitment toward constructive dialogue between regulators and the crypto industry. Given the CFTC’s pivotal role in shaping markets, Selig’s appointment could foster innovation while simultaneously safeguarding investor interests.
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Stay tuned for further updates on Cardano’s price movements and regulatory developments shaping the future of blockchain technology.
https://zycrypto.com/cardano-moonshot-loading-1-ada-target-comes-into-view-as-hoskinson-praises-new-cftc-chair/